http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8474784The President offered the excuse the other day that the reason why
there was inadequate environmental vetting for what has become the
Deep Horizon oil disaster was that a provision of law had passed
which only permitted 30 days for such a review, making it a practical
impossibility. Of course, that is precisely why corporate lobbyists
for the oil industry inserted into law this crippling of any
attempted regulatory oversight in the first place.
.....
So too with the liability limitation of million on corporate
responsibility for wreaking havoc on our environment. Again, this was
just another corporate irresponsibility safety valve, so they would
not have to even concern themselves about putting all the rest of us
in grave danger. And so they did. It is even being reported that
Transocean made a whopping $270 million profit on the destruction of
their over-insured drilling rig.
...
Well, the federal government has done plenty, for many decades,
through the grandstanding corporate owned shills that they keep
electing to Congress, to pass precisely the laws that made such a
disaster so inevitable ... again. In point of fact, the 75 million
dollar liability limit was inserted into the original so-called
"reform" bill in the aftermath of the original Exxon Valdez disaster,
just as every other reform bill as far back as the eye can see has
been made toothless because of pressure from corporate special
interests. And so now we see the result of a failure to impose
decisive and real reform, an even bigger calamity.
....